“Global IoT in Education Market to reach a market value of USD 34.4 Billion by 2031 growing at a CAGR of 19.1%”
The Global IoT in Education Market size is expected to reach $34.4 billion by 2031, rising at a market growth of 19.1% CAGR during the forecast period.
This segment encompasses security solutions that utilize IoT devices, such as cameras and sensors, to monitor school premises and enhance student safety. Rising concerns about security in educational institutions have led to increased investments in IoT-enabled surveillance systems that provide real-time monitoring and incident response capabilities. By ensuring a safer learning environment, these systems contribute to the overall well-being of students and staff. Thus, the surveillance segment held a 15% revenue share in the IoT in education 2023.
The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2024, Huawei Technologies Co., Ltd. unveiled Smart Classroom 3.0, which integrates AI, IoT, and big data to create engaging, learner-centric environments. With adaptive learning, VR, and AR, personalize education and enhance student experiences. Launched at the 2024 Huawei Tech Carnival in Baku, it aims to drive intelligent educational transformation in the Middle East and Central Asia. Additionally, In September, 2022, Samsung Electronics Co., Ltd. unveiled the second season of its skilling program, Samsung Innovation Campus, to upskill youth aged 18-25 in AI, IoT, Big Data, and Coding. In partnership with the Electronics Sector Skills Council of India, the initiative will train 3,500 students, supporting India's Skill India and Digital India missions.
Based on the Analysis presented in the KBV Cardinal matrix; Google LLC and Microsoft Corporation are the forerunners in the IoT in Education Market. Companies such as Huawei Technologies Co., Ltd., Amazon Web Services, Inc., and Cisco Systems Inc. are some of the key innovators in IoT in Education Market. In September, 2024, Cisco Systems Inc. unveiled NetAcad.com and SkillsForAll.com into a unified platform, offering best-in-class IT education. Skills for All expanded access with interactive activities, gamified challenges, and hands-on learning. The new platform enhances educator support with professional development, class management, and assessment tools.
As industries increasingly rely on advanced technologies, IoT-enabled simulations equip students with the skills necessary for future careers. Learners develop technical proficiencies and adaptability using realistic simulations that mimic workplace scenarios. This preparation enhances their employability and aligns educational outcomes with industry demands. Thus, encouraging experiential learning through IoT-enabled simulations propels the market's growth.
Additionally, as students and educators rely on connected devices to facilitate online learning, IoT solutions that enable collaboration, engagement, and resource sharing become essential. This demand drives developing and adopting IoT-enabled tools in the educational sector. Therefore, the expansion of the EdTech industry worldwide is driving the market's growth.
The financial risks of adopting new technologies can create hesitation among educational institution decision-makers. Uncertainty regarding the effectiveness of IoT solutions, potential disruptions during implementation, and the possibility of requiring additional investments can deter institutions from pursuing IoT initiatives, limiting market growth. In conclusion, high implementation costs and budget constraints hamper the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
On the basis of application, the market is segmented into learning management system, classroom management, administration management, surveillance, and others. The learning management system segment attained 29% revenue share in the market in 2023. LMS platforms are essential for facilitating online learning, tracking student progress, and delivering educational content in a structured manner.
By end user, the market is divided into academic, K-12, higher education, and corporate. In 2023, the higher education segment registered 30% revenue share in the market. This sector encompasses colleges, universities, and vocational institutions increasingly integrating IoT technologies to improve teaching and administrative processes.
Based on component, the market is divided into solution, services, and hardware. The hardware segment garnered 44% revenue share in the market in 2023. This segment encompasses many devices, including smartboards, tablets, IoT sensors, and wearables, all designed to enhance the learning environment.
The solution segment is further subdivided into network management, content management and analytics, device management, application management, and security management. The device management segment held 20% revenue share in the market in 2023. This segment is critical for overseeing the various IoT devices used in educational settings, ensuring they function optimally and securely.
The services segment is further subdivided into professional services, training & consulting, deployment & integration, support & maintenance, and managed services. In 2023, the deployment & integration segment registered 29% revenue share in the market. This segment is crucial for facilitating the seamless integration of IoT devices and solutions within educational institutions.
Free Valuable Insights: Global IoT in Education Market size to reach USD 34.4 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 26% revenue share in the market. This growth is driven by increasing government initiatives to improve educational infrastructure, especially in developing countries. Countries like India, China, and Japan invest heavily in IoT technologies to modernize their educational systems, enhance remote learning capabilities, and improve overall access to quality education.
The market is highly competitive, driven by the increasing demand for smart learning environments and personalized education experiences. Key market attributes include the integration of IoT devices for real-time data collection, enhancing classroom engagement, and streamlining administrative processes. The market sees strong adoption of smart classrooms, digital content delivery, and analytics for performance tracking. Security concerns and high infrastructure costs are challenges, but advancements in technology and growing digital literacy are expanding the market's growth potential.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 8.9 Billion |
| Market size forecast in 2031 | USD 34.4 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 19.1% from 2024 to 2031 |
| Number of Pages | 376 |
| Number of Tables | 602 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Component, End User, Application, Region |
| Country scope |
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| Companies Included | SAP SE, Intel Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), IBM Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Oracle Corporation, Google LLC (Alphabet Inc.), Cisco Systems Inc., Microsoft Corporation and Samsung Electronics Co., Ltd. (Samsung Group) |
By Component
By End User
By Application
By Geography
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